If you run your own small business, or are in charge of shoplifting prevention in a retail setting, how to minimize product loss is always on your mind. Loss of merchandise from shoplifting and worker theft added up to 32 billion dollars last year.
Everyone who runs a retail business understands the need to protect their margins by keeping stock loss to a minimum. However inventories are most vulnerable to theft at the place of sale. A good retail business wants to create a welcoming environment that makes customers feel appreciated, not under scrutiny. But that's not always conducive to protecting your stock and deterring shoplifters.